Special Assets Officer

Job Summary

The Special Assets Officer will independently manage distressed commercial loan portfolios, including Commercial Real Estate (CRE) and Commercial & Industrial (C&I) loans. The role focuses on developing workout, restructuring, and recovery strategies to minimize losses, preserve capital, and return loans to performing status whenever possible.

The ideal candidate will have 7+ years of commercial banking experience , including 3–5 years in Special Assets, loan workouts, problem loan management, or collections , with strong CRE credit analysis and restructuring experience.

Key Responsibilities

• Manage criticized, classified, non-performing, and distressed commercial loans.
• Identify credit risks, assess collateral, and develop effective workout and recovery strategies.
• Lead loan restructurings, modifications, settlements, foreclosures, bankruptcies, and other resolution activities.
• Conduct financial, cash-flow, guarantor, and collateral analysis.
• Prepare credit reports, risk ratings, and recommendations for senior management and credit committees.
• Coordinate with borrowers, attorneys, appraisers, lenders, regulators, and other external professionals.
• Support regulatory examinations, audits, Board reporting, and compliance requirements.
• Provide guidance to lending teams on problem loans and credit risk management.

Qualifications

• Bachelor's degree in Finance, Accounting, Business, or a related field;
  equivalent experience may be considered.
• 7+ years of commercial banking experience.
• 3–5 years of experience in Special Assets, loan workouts, collections, or problem loan management.
• Proven experience managing complex CRE and commercial credits.
• Strong knowledge of credit analysis, risk ratings, loan restructuring, bankruptcy, foreclosure, and collateral recovery.
• Excellent financial analysis, communication, negotiation, and problem-solving skills.
• Proficiency in Microsoft Office and commercial banking systems.

Preferred: CPLM or CCO certification, or formal training in credit analysis, bankruptcy, loan workouts, or restructuring.